Monetum launches VQF regulated virtual assets service provider

Swiss headquartered company Fenice Holding SA (Monetum) is now a member of the Swiss Financial Services Standards Association (VQF). VQF itself is the largest cross-industry Self-Regulatory Organization (SRO) with the longest history that meets the standards established by the Swiss Financial Market Supervisory Authority (FINMA). 

Officially authorised by FINMA, VQF is entrusted to oversee the compliance of financial intermediaries in Switzerland. This organization is primarily responsible for the supervision of Anti-Money-Laundering (AML) regulations. With acceptance as a member, this enables Monetum to operate as a Virtual Assets Services Provider and to confirm that its product is fully compliant with Switzerland's anti-money laundering laws, which are crafted to stop cyber criminals from laundering fiat and cryptocurrencies via trading platforms and online digital wallets.

 “The Swiss VQF membership is of vital importance to Monetum and our customers, partners, investors, and the industry at large. This is a crucial step in our journey to becoming a fully operational company. This Swiss license gives us a wide range of future business development so we can continue to build the bridge between fiat and crypto.” states  Marco Lavanna, Founder and Chairman of Monetum.